Tag Archives: ELSTAT

Greece’s statistics service ELSTAT has suspended until further notice the release of flash quarterly estimates on the country’s gross domestic product because of divergences with provisional estimates, a statement issued by ELSTAT said on Monday. The move means that flash data will not be issued on Aug. 14. Nationwide quarterly …

Greece’s GDP shrunk by 61.6 billion euros (26 percent) since 2010, the time span when three bailout memorandums with institutional creditors were signed and implemented, figures showed this week. Additionally, general government revenues decreased by five billion euros, with public sector wages, pensions and welfare benefits cut by 19.13 billion …

The Athens Misdemeanors Appeal Court on Tuesday handed a two-year sentence, suspended for three years, to former chief of Greece’s statistical service, ELSTAT, Andreas Georgiou. The court did not recognize any mitigation and imposed the maximum sentence with the prosecutor’s assent. The court found Georgiou was found guilty on one …

A three-member Appeals Court will rule on Tuesday over a breach of duty charge raised against the former head of Greece’s statistical bureau (ELSTAT), Andreas Georgiou. The court concluded today’s session after the prosecutor requested a guilty verdict, accepting the charges filed against the former chief statistician. According to the …

Supreme Court Prosecutor Xeni Dimitriou on Wednesday ordered the reopening of a case against the former head of Greece’s statistical service, Andreas Georgiou. Dimitriou’s decision follows the ruling of Council of Appeals Court judges who ruled for a second time that he should not face charges. This is the second …

The US Congress and State should speak up in favor of Andreas Georgiou, the former head of Hellenic Statistical Authority (ELSTAT), say the US Statistical Association. In an article posted on Huffington Post, the current and a former president of the American Statistical Association urge the Congress and the US …

Greek statistics Authority ELSTAT announced the Gross Domestic Product (GDP) for the first quarter of 2017. According to ELSTAT provisional data, the Greek economy grew by a slim 0.4 percent in the first three months of 2017. The date revise a contraction of 0.1 percent reported in May. “The available …

Greece improved its public finances last year, achieving a general government primary surplus of 0.7 percent of gross domestic product compared to a 5.9 percent of GDP deficit in 2015, the country’s statistics agency ELSTAT said on Friday. “The surplus of General Government for 2016, in accordance with ESA 2010, …

Greece’s debt-ridden economy stagnated in 2016, the national statistics agency ELSTAT said in a first estimate on Wednesday, two days after quarterly data pointed to a small contraction. “GDP in volume terms recorded 0.0% annual rate of change in 2016,” ELSTAt said, adding that the figure was derived from non-seasonally …

Greece’s Prime Minister Alexis Tsipras was confident that the times of recession were over and that “Greece has returned back to growth” as he told his cabinet ministers. However, the reality was not kind and the Greek Statistics Authority ELSTAT released short after Tsipras speech some shocking data: that recession …

Greece’ economy shrank by 1.2 per cent in the fourth quarter of 2016.This is three times worse than a first estimate of 0.4%. It was the worst quarter since 2015. OUCH. Greek GDP shrank 1.2 per cent in fourth quarter – three times worse than a first estimate of 0.4% …

The real unemployment is much higher than the one registered by the Greek Statistics Authority ELSTAT, the Labor Institute of Private Sector union GSEE (INE-GSEE) claims. The Institute estimates that 800,000 people are long-time unemployed and the unemployment rate is 30.8%, while the ELSTAT said it was 23.4% for the …

230,000 children live in households without any income and 39.9% of Greece’s population cannot afford basic goods and services, like food and heating. According to the latest report published by the Greek Statistics Authority (ELSTAT) 39.9% of the population lacks basic material goods and services, such as food and heating. …

One day after the blatant intervention of the European Commission in the legal case of former president of Greek Statistics Authority ELSTAT, Employment Commissioner Marianne Thyssen strikes back and threatens Greece that the Eurogroup will take up the ELSTAT issue on the September 9th meeting. In an interview to daily …

“The European Commission has never, and will not, as a matter of principle, comment on individual national legal proceedings, […]. However, …” Despite the loyalty to alleged EC principles, Marianne Thyssen, the European Commissioner for Employment, Social Affairs, Skills and Labour Mobility, threw all these principles over the board and …

Mild recession – Stagnation – Recovery – Growth? I’m kind of confused reading the comments on Greece’s economic data released today by the Greek Statistics Authority ELSTAT. Greece’s Gross Domestic Product declined at 0.7% in the second quarter of 2016 compared to the same period of 2015, the ELSTAT announced …

November 27, 2015EconomyComments Off on Greece’s recession increases in Q3 2015

On Friday, Greece’s state statistics agency, ELSTAT, drastically revised downwards the economy’s third-quarter contraction to 0.9 percent, from 0.5 percent previously. “These differences are on account of using new data, not available at the time of the flash estimate,” the Elstat agency said, citing a mixture of September balance of …

Five years of loan agreements, memoranda of understanding, austerity measures and internal devaluation. And here is the bill for Greece’s employees: a decrease of 28.16% within five years. According to data from the Hellenic Statistical Authority (ELSTAT) salaries were cut by 28.16% in the period of the first memorandum of …

The “embargo” that German Chancellor Angela Merkel had apparently imposed on her Finance Minister after the visit of Greek Prime Minister Alexis Tsipras in Berlin did not last long. Or was it no embargo but a spiritual Lent before Easter? Now that both the Western and Eastern Churches celebrated Jesus …

June 10, 2014EconomyComments Off on ELSTAT: Greece’s Deflation at -2% in May 2014

I don’t know if deflation in the debt-ridden country keeps pace with the speed of the famous train bringing success and development in Greece. Fact is that deflation, that is the decrease in the general price level of goods and services, accelerates in high speed. According to Greek Statistics Authority …